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Concentration of Credit Risk | 12 Months Ended
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Dec. 31, 2012
Concentration of Credit Risk | 18. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents. The Company maintains cash and cash equivalents in bank deposits with financial institutions. Cash deposits at these financial institutions may exceed Federal Deposit Insurance Corporation insurance limits. The concentration of credit risk with respect to advisory fees receivable is generally limited due to the short payment terms extended to clients by the Company. The following funds provided 10 percent or more of the total revenue of the Company:
|  | Years Ended December 31, |
|  | 2012 |  |  | 2011 |  |  | 2010 |
($ in thousands) |  |  |  |  |  |  |  |  |  |  |  |
Virtus Multi-Sector Short Term Bond Fund |  |  |  |  |  |  |  |  |  |  |  |
Investment management, administration and transfer agent fees |  | $ | 39,475 |  |  | $ | 24,445 |  |  | $ | 14,506 |
Percent of total revenue |  |  | 17 | % |  |  | 14 | % |  |  | 10 | %
Virtus Emerging Markets Opportunities Fund |  |  |  |  |  |  |  |  |  |  |  |
Investment management, administration and transfer agent fees |  | $ | 29,818 |  |  |  | * |  |  |  | * |
Percent of total revenue |  |  | 12 | % |  |  | * |  |  |  | * |
Virtus Premium AlphaSector™ Fund |  |  |  |  |  |  |  |  |  |  |  |
Investment management, administration and transfer agent fees |  | $ | 27,987 |  |  |  | * |  |  |  | * |
Percent of total revenue |  |  | 12 | % |  |  | * |  |  |  | * |
DNP Select Income Fund Inc. |  |  |  |  |  |  |  |  |  |  |  |
Investment management, administration and transfer agent fees |  |  | * |  |  |  | * |  |  | $ | 14,959 |
Percent of total revenue |  |  | * |  |  |  | * |  |  |  | 10 | %
* | Less than 10 percent of total revenue of the Company.

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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13537-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6404-108592 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6327-108592 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15A -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6442-108592 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13531-108611 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 94-6 -Paragraph 21, 22, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 18 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6351-108592 + Details
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